Ethereum Classic - In case of retracement, play the bounce
Hi everyone,
This trade could not be triggered and I doubt can happen overnight, so it is a low probability. There is higher chance of hitting 7.35, as it is a reasonable retracement of the last leg, but this also carries higher risk. In that case, just set TP and SL proportionally.
Buy entry: 6.6705
Potential gains between 10% and 25%.
TP 1: 7.3713
TP 2: 7.8133
TP 3: 8.5
If you can trail profit go for 9 and above
SL: 6.40
*Not financial advise, just sharing my ideas :)
Feel free to give your feedback/opinion. Thanks for reading!
This trade could not be triggered and I doubt can happen overnight, so it is a low probability. There is higher chance of hitting 7.35, as it is a reasonable retracement of the last leg, but this also carries higher risk. In that case, just set TP and SL proportionally.
Buy entry: 6.6705
Potential gains between 10% and 25%.
TP 1: 7.3713
TP 2: 7.8133
TP 3: 8.5
If you can trail profit go for 9 and above
SL: 6.40
*Not financial advise, just sharing my ideas :)
Feel free to give your feedback/opinion. Thanks for reading!
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